Federal Register / Vol. 86, No. 135 / Monday, July 19, 2021 / Notices 38091 

1See 12 CFR 1003.1(b). 2 5 U.S.C. 552(b)(6). 

Reporter, 5; and Tier 1 Quarterly 

Reporter, 5. 

Estimated annual burden hours: 

Reporting—Tier 1 Annual Reporter, 

17,907; Tier 1 Quarterly Reporter, 

27,612; Tier 2, 161,392; Tier 2 Partial 

Reporter, 303,688; and Tier 3 Partial 

Reporter, 2,112; Recordkeeping—Tier 1 

Annual Reporter, 12,390; Tier 1 

Quarterly Reporter, 16,520; Tier 2, 

36,437; and Tier 3, 891; and 

Disclosure—Tier 1 Annual Reporter, 15; 

and Tier 1 Quarterly Reporter, 20. 

General description of report: HMDA 

was enacted in 1975 and is 

implemented by Regulation C. 

Generally, HMDA requires certain 

depository and non-depository 

institutions that make certain mortgage 

loans to collect, report, and disclose 

data about originations and purchases of 

mortgage loans, as well as loan 

applications that do not result in 

originations (for example, applications 

that are denied or withdrawn). HMDA 

was enacted to provide regulators and 

the public with loan data that can be 

used to (1) help determine whether 

financial institutions are serving the 

housing needs of their communities, (2) 

assist public officials in distributing 

public-sector investments so as to attract 

private investment to areas where it is 

needed, and (3) assist in identifying 

possible discriminatory lending patterns 

and enforcing anti-discrimination 

statutes.1 Supervisory agencies, state 

and local public officials, and members 

of the public use the data to aid in the 

enforcement of the Community 

Reinvestment Act, the Equal Credit 

Opportunity Act, and the Fair Housing 

Act and to aid in identifying areas for 

residential redevelopment and 

rehabilitation. 

Legal authorization and 

confidentiality: The FR HMDA LAR is 

authorized pursuant to section 304(j) of 

HMDA, which requires that the 

Consumer Financial Protection Bureau 

(Bureau) prescribe by regulation the 

form of loan application register 

information that must be reported by 

covered financial institutions. Section 

1003.5 of Regulation C implements this 

statutory provision, and requires 

covered financial institutions to submit 

reports to their appropriate federal 

agency. Section 304(h)(2)(A) of HMDA 

designates the Board as the appropriate 

agency with respect to the entities 

described above. The FR HMDA LAR is 

mandatory. 

HMDA requires the information 

collected on the FR HMDA LAR to be 

made available to the general public in 

the form required under regulations 

prescribed by the Bureau. The Bureau is 

authorized to redact or modify the scope 

of the information before it is publicly 

disclosed to protect the privacy of loan 

applicants and to protect depository 

institutions from liability under any 

federal or state privacy law. The 

redacted information may be kept 

confidential under exemption 6 of the 

Freedom of Information Act, which 

protects from release information that, if 

disclosed, would ‘‘constitute a clearly 

unwarranted invasion of personal 

privacy.’’ 2

Board of Governors of the Federal Reserve 

System, July 13, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–15289 Filed 7–16–21; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, without revision, the 

Recordkeeping and Disclosure 

Requirements Associated with the 

Consumer Financial Protection Bureau’s 

(CFPB’s) Regulation B. 

DATES: Comments must be submitted on 

or before September 17, 2021. 

ADDRESSES: You may submit comments, 

identified by FR B, by any of the 

following methods: 

• Agency Website: https://

www.federalreserve.gov/. Follow the 

instructions for submitting comments at 

https://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include the OMB 

number in the subject line of the 

message. 

• Fax: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Ann E. Misback, Secretary, 

Board of Governors of the Federal 

Reserve System, 20th Street and 

Constitution Avenue NW, Washington, 

DC 20551. 

All public comments are available 

from the Board’s website at https://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx as submitted, unless 

modified for technical reasons or to 

remove personally identifiable 

information at the commenter’s request. 

Accordingly, comments will not be 

edited to remove any identifying or 

contact information. Public comments 

may also be viewed electronically or in 

paper in Room 146, 1709 New York 

Avenue NW, Washington, DC 20006, 

between 9:00 a.m. and 5:00 p.m. on 

weekdays. For security reasons, the 

Board requires that visitors make an 

appointment to inspect comments. You 

may do so by calling (202) 452–3684. 

Upon arrival, visitors will be required to 

present valid government-issued photo 

identification and to submit to security 

screening in order to inspect and 

photocopy comments. 

Additionally, commenters may send a 

copy of their comments to the Office of 

Management and Budget (OMB) Desk 

Officer—Shagufta Ahmed—Office of 

Information and Regulatory Affairs, 

Office of Management and Budget, New 

Executive Office Building, Room 10235, 

725 17th Street NW, Washington, DC 

20503, or by fax to (202) 395–6974. 

FOR FURTHER INFORMATION CONTACT: 

Federal Reserve Board Clearance 

Officer—Nuha Elmaghrabi—Office of 

the Chief Data Officer, Board of 

Governors of the Federal Reserve 

System, Washington, DC 20551, (202) 

452–3829. 

SUPPLEMENTARY INFORMATION: On June 

15, 1984, OMB delegated to the Board 

authority under the PRA to approve and 

assign OMB control numbers to 

collections of information conducted or 

sponsored by the Board. In exercising 

this delegated authority, the Board is 

directed to take every reasonable step to 

solicit comment. In determining 

whether to approve a collection of 

information, the Board will consider all 

comments received from the public and 

other agencies. 

A copy of the Paperwork Reduction 

Act (PRA) OMB submission, including 

the reporting form and instructions, 

supporting statement, and other 

documentation will be available at 

https://www.reginfo.gov/public/do/ 

PRAMain, if approved. These 

documents will also be made available 

on the Board’s public website at https:// 

www.federalreserve.gov/apps/ 

reportforms/review.aspx or may be 

requested from the agency clearance 

officer, whose name appears above. 

Request for Comment on Information 

Collection Proposal 

The Board invites public comment on 

the following information collection, 

which is being reviewed under 

authority delegated by the OMB under 

the PRA. Comments are invited on the 

following: 


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38092 Federal Register / Vol. 86, No. 135 / Monday, July 19, 2021 / Notices 

1 15 U.S.C. 1691b(a). 

2 12 U.S.C. 1691b(d). 

3 5 U.S.C. 552(b)(8). 

4 5 U.S.C. 552(b)(4). 

5 5 U.S.C. 552(b)(6). 

a. Whether the proposed collection of 

information is necessary for the proper 

performance of the Board’s functions, 

including whether the information has 

practical utility; 

b. The accuracy of the Board’s 

estimate of the burden of the proposed 

information collection, including the 

validity of the methodology and 

assumptions used; 

c. Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

d. Ways to minimize the burden of 

information collection on respondents, 

including through the use of automated 

collection techniques or other forms of 

information technology; and 

e. Estimates of capital or startup costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

At the end of the comment period, the 

comments and recommendations 

received will be analyzed to determine 

the extent to which the Board should 

modify the proposal. 

Proposal Under OMB Delegated 

Authority To Extend for Three Years, 

Without Revision, the Following 

Information Collection 

Report title: Recordkeeping and 

Disclosure Requirements Associated 

with the Consumer Financial Protection 

Bureau’s (CFPB’s) Regulation B. 

Agency form number: FR B. 

OMB control number: 7100–0201. 

Frequency: On occasion; annually. 

Respondents: The Board accounts for 

the paperwork burden imposed under 

the Equal Credit Opportunity Act 

(ECOA), as implemented by the CFPB’s 

Regulation B, for the following 

institutions (except those entities 

supervised by the CFPB): State member 

banks; subsidiaries of state member 

banks; subsidiaries of bank holding 

companies; U.S. branches and agencies 

of foreign banks (other than federal 

branches, federal agencies, and insured 

state branches of foreign banks); 

commercial lending companies owned 

or controlled by foreign banks; and 

organizations operating under section 

25 or 25A of the Federal Reserve Act (12 

U.S.C. 601–604a; 611–631). 

Estimated number of respondents: 

Record retention for applications, 

actions, prescreened solicitations, selftesting, and self-correction, Information 

for monitoring purposes 

(recordkeeping), Notifications, 

Furnishing of credit information, 

Information for monitoring purposes 

(disclosure), and Rules on providing 

appraisals and other valuations, 851; 

Self-testing: Incentives for self-testing, 

187; Incentives for self-correction, 47; 

and Rules concerning requests for 

information, disclosure for optional selftest, 187. 

Estimated average hours per response: 

Record retention for applications, 

actions, prescreened solicitations, selftesting, and self-correction, 0.004; 

Information for monitoring purposes 

(recordkeeping), 0.017; Notifications, 

Furnishing of credit information, and 

Information for monitoring purposes 

(disclosure), 0.004; Rules on providing 

appraisals and other valuations, 0.008; 

Self-testing: Incentives for self-testing, 

0.004; Incentives for self-correction, 

0.016; and Rules concerning requests for 

information, disclosure for optional selftest, 0.004. 

Estimated annual burden hours: 

Record retention for applications, 

actions, prescreened solicitations, selftesting, and self-correction, 27,344; 

Information for monitoring purposes 

(recordkeeping); Notifications, 27,344; 

Furnishing of credit information, 4,844; 

Information for monitoring purposes 

(disclosure), 5,998; Rules on providing 

appraisals and other valuations; Selftesting: Incentives for self-testing, 

Incentives for self-correction, and Rules 

concerning requests for information, 

disclosure for optional self-test, 1. 

General description of report: The 

ECOA prohibits discrimination in any 

aspect of a credit transaction because of 

race, color, religion, national origin, sex, 

marital status, age, receipt of public 

assistance, or the fact that the applicant 

has in good faith exercised any right 

under the Consumer Credit Protection 

Act. To aid in implementation of this 

prohibition, the statute and Regulation 

B subject creditors to various mandatory 

disclosure requirements, notification 

provisions informing applicants of 

action taken on the credit application, 

provision of appraisal reports in 

connection with mortgages, credit 

history reporting, monitoring rules, and 

recordkeeping requirements. These 

requirements are triggered by specific 

events, and disclosures must be 

provided within the time periods 

established by the statute and 

regulation. 

Legal authorization and 

confidentiality: The ECOA authorizes 

the CFPB to issue regulations to carry 

out the statute’s purposes.1 The ECOA 

also directs the CFPB to promulgate 

regulations requiring covered entities to 

maintain records evidencing 

compliance with the statute for at least 

one year.2 These regulations impose 

disclosure and recordkeeping 

requirements on Board-supervised 

entities. Compliance with the 

recordkeeping and disclosure 

requirements of the CFPB’s Regulation B 

is mandatory. 

The disclosures, records, policies, and 

procedures required by Regulation B are 

not required to be submitted to the 

Board. This information would 

generally only be obtained if Federal 

Reserve examiners retained a copy as 

part of an examination or supervision of 

a bank, in which case the information 

may be treated as confidential under 

exemption 8 of the Freedom of 

Information Act (FOIA).3 In addition, 

exemptions 4 and 6 of the FOIA may 

also apply to certain information 

obtained by the Board. Exemption 4 

may apply if the information is 

confidential commercial or financial 

information that is both customarily and 

actually treated as private by the 

respondent.4 Exemption 6 may apply to 

information, the disclosure of which 

would ‘‘constitute a clearly unwarranted 

invasion of personal privacy.’’ 5

Consultation outside the agency: The 

Board consulted with the CFPB 

regarding the estimated burden of this 

information collection. 

Board of Governors of the Federal Reserve 

System, July 13, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–15285 Filed 7–16–21; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisitions of Shares of a Bank or 

Bank Holding Company 

The notificants listed below have 

applied under the Change in Bank 

Control Act (Act) (12 U.S.C. 1817(j)) and 

§ 225.41 of the Board’s Regulation Y (12 

CFR 225.41) to acquire shares of a bank 

or bank holding company. The factors 

that are considered in acting on the 

applications are set forth in paragraph 7 

of the Act (12 U.S.C. 1817(j)(7)). 

The public portions of the 

applications listed below, as well as 

other related filings required by the 

Board, if any, are available for 

immediate inspection at the Federal 

Reserve Bank(s) indicated below and at 

the offices of the Board of Governors. 

This information may also be obtained 

on an expedited basis, upon request, by 

contacting the appropriate Federal 

Reserve Bank and from the Board’s 

Freedom of Information Office at 


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